Posts from September 2024.
Effective January 1, 2025, Kentucky has new law regulating pharmacy benefit managers (“PBMs”). Earlier this year, the Governor of Kentucky signed SB 188 into law, making Kentucky the latest state to pass legislation regulating PBMs. The new law applies to PBM contracts issued, renewed, extended, or amended on or after January 1, 2025.
SB ...
For the first time in four years, the IRS adjusted the affordability percentage used for the shared responsibility penalties. The IRS recently announced that the affordability percentage for 2025 will be 9.02%. This is up from 8.39% in 2024. For employers this means that if you set your employee premium costs from last year right at the ...